Market Insight: Icad Inc (ICAD)’s Notable Drop, Closing at 2.52

The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.

In the latest session, Icad Inc (NASDAQ: ICAD) closed at $2.52 down -1.18% from its previous closing price of $2.55. In other words, the price has decreased by -$1.18 from its previous closing price. On the day, 0.51 million shares were traded.

Ratios:

For a deeper understanding of Icad Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.91 and its Current Ratio is at 4.02. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.

On April 22, 2021, Guggenheim started tracking the stock assigning a Buy rating and target price of $24.

On March 23, 2021, BTIG Research started tracking the stock assigning a Buy rating and target price of $25.BTIG Research initiated its Buy rating on March 23, 2021, with a $25 target price.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 3.53 while its Price-to-Book (P/B) ratio in mrq is 2.26.

Stock Price History:

Over the past 52 weeks, ICAD has reached a high of $3.78, while it has fallen to a 52-week low of $1.18. The 50-Day Moving Average of the stock is 1.25%, while the 200-Day Moving Average is calculated to be 40.44%.

Shares Statistics:

A total of 26.35M shares are outstanding, with a floating share count of 25.05M. Insiders hold about 5.63% of the company’s shares, while institutions hold 21.81% stake in the company.

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